Kenrik Industries Ltd Directors Report

To, The Members,

KENRIK INDUSTRIES LIMITED

Your directors have immense pleasure in presenting the 9^th Annual Report of KENRIK INDUSTRIES LIMITED along with the Audited Financial Statements for the year ended March 31, 2025.

BRIEF HISTORY:

The Company was originally incorporated as Kenrik Industries private limited as a privately held company vide Certificate of Incorporation dated February 28, 2017, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Later on, Kenrik Industries private limited was converted from a private limited company to a public limited company pursuant to a resolution passed in the Extra-Ordinary General Meeting of the company dated April 14, 2018 and the name of the company was changed to KENRIK INDUSTRIES LIMITED with a fresh certificate of incorporation dated April 27, 2018 issued to the company by the Registrar of Companies, Ahmedabad.

The Company get listed on SME Platform of Bombay Stock Exchange of India Limited (BSE SME) on May 09, 2025.

FINANCIAL SUMMARY AND HIGHLIGHTS:

The Companys Audited Financial Statements as of March 31, 2025, have been meticulously prepared in accordance with the applicable Ind AS, as well as Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), and the pertinent provisions outlined in the Companies Act, 2013 (the "Act"). (Rs. In Lakhs)

Particulars	2024-2025	2023-2024
Total Revenue	7478.58	7094.28
Total Expenses	7330.06	6952.51
Profit / (Loss) Before Taxation and	148.52	141.77
Exceptional item
Exceptional item
	0.00	0.00
Profit before Taxation	148.52	141.77
Provision for Income Tax	40.25	36.39
Provision for Deferred Tax	0.19	(1.65)
Profit after Taxation	99.31	107.04

For the year ended 31st March 2025, your Company has reported total revenue and net profit after taxation of Rs. 7478.58 (in Lakhs) and Rs 99.31 (in Lakhs) respectively. Last year total revenue and net profit after taxation was Rs. 7094.28/- (in Lakhs) and Rs. 107.04/- (in Lakhs).

REVIEW OF BUSINESS OPERATION

1. FINANCIAL PERFORMANCE:

During the financial year, the revenue from operation for the financial year ended on 31.03.2025 was Rs.7474.24 (in lakhs) as on basis of Audited financial Statement prepared as per Companies Act, 2013 with the applicable Ind AS for the financial year 2024-25. Furthermore, In Comparison to the Financial year 2023-24, the revenue from operation was Rs. 7077.05 (in lakhs) (Rupees Sixty-Four Lakhs Two Thousand) reported in the previous financial year ended on 31.03.2024.

2. DIVIDEND

The Board of Directors of the Company has decided not to declare any dividend for the financial year ended March 31, 2025. The retained earnings will be utilized to strengthen the financial position and support ongoing and future business initiatives.

3. TRANSFER TO RESERVES

During the financial year ended March 31, 2025, KENRIK INDUSTRIES LIMITED has not transferred an amount to the Securities Premium Reserve.

4. CHANGE IN THE NATURE OF BUSINESS:

As required to be reported pursuant to Section 134(3)(q) read with Rule 8(5) (ii) of Companies (Accounts) Rules, 2014, There is no change in the nature of business carried on by company during the nancial year 2024-25.

5. LISTING OF SHARES ON SME PLATFORM OF BSE LIMITED

During the financial year 2025-26, KENRIK INDUSTRIES LIMITED has successfully listed its 34,98,000 equity shares on the SME Platform of BSE Limited on May 09, 2025. This significant milestone marks a new chapter in the Companys growth journey, providing it with enhanced visibility and access to a broader investor base.

6. SHARE CAPITAL

The company has only one class of shares i.e. Equity shares of Rs. 10/- each only and all Equity Shares are ranked pari-passu in all respect. All Equity Shares issued are fully paid-up during the period under review:

The Authorized Share Capital of the Company is Rs. 13,00,00,000/- (Rupees Thirteen Crore Only)

Issued, Subscribed, and Paid-up Equity Share Capital is Rs. 8, 99, 99,999 /- (Rupees Eight Crore ninety-nine lakh ninety-nine thousand nine hundred ninety-nine Only).

6.1. CHANGES IN SHARE CAPITAL

During the period 2024-25 under review, The Authorised Equity Share Capital and Paid-up Equity Capital has been changed in the manner set forth below:

1. Authorized Equity Share Capital:

Sr. No. Particulars of Increase	No. of Equity Shares	Authorized Share Capital (In Rs.)	Date of Meeting	Whether AGM/ EGM
1. On Incorporation	10,000	1,00,000	N.A	N.A
2. Increase in authorized equity share capital from Rs. 1.00 Lakhs to Rs. 1000.00 Lakhs	10,00,000	1,00,00,000	March 01, 2017	EGM
3. Increase in authorized equity share capital from Rs. 1000.00 Lakhs to Rs. 5000.00 Lakhs	50,00,000	5,00,00,000	April 07, 2017	EGM
4. Increase in authorized equity share capital from Rs. 5000.00 Lakhs to Rs. 9000.00 Lakhs	90,00,000	9,00,00,000	March 12, 2018	EGM
5. Increase in authorized equity share capital from Rs. 9000.00 Lakhs to Rs. 13000.00 Lakhs	1,30,00,000	13,00,00,000	September 28, 2023	EGM

2. Initial Public Offering (IPO):

On May 09, 2025, the Company successfully completed its IPO by way of issuing 34,98,000 Equity Share. This IPO marks a significant milestone, enhancing the Companys capital base and providing access to a broader investor base through the listing on the SME Platform of BSE Limited

Summary of Share Capital:

Summary of Share Capital:
Authorized Capital:	Rs. 13,00,00,000/-
Paid-up Capital After IPO	Rs. 8,99,99,999/-

7. BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

7.1. CONSTITUTION OF BOARD:

The following is the constitution of Board of Directors and KMPs of the company as on 31^st March, 2025:

S. No. Name of the Directors and Key Managerial Personnel (KMPs)	Designation	Date of Appointment at current Term	No. of Shares held as on March 31, 2025.
1. Nitin Dalpat Lal Shah	Promoter, Chairman and Managing Director.	28.02.2017	45,77,900
2. Nihar Nitinbhai Shah	Promoter, Executive director	28.02.2017	29,56,600
3. Nihar Nitinbhai Shah	Chief financial officer	16.02.2018	29,56,600
4. Akshay Hiteshkumar Soni	Non-Executive	20.08.2018	-
	Independent Director
5. Nishit Dushyant Shah	Non-Executive Independent Director	22.05.2023	-
6. Sweta Rasikbhai Panchal	Additional director	19.03.2025	-
7. Zalakben Chintan Gajjar	Company Secretary and Compliance Officer	01.03.2025	-

Mr. Nitin Dalpatlal Shah will retire at the forthcoming Annual General Meeting of the Company and being eligible, offer himself for reappointment.

7.2. CHANGES IN THE BOARD OF DIRECTORS DURING FINANCIAL YEAR 2024-25

Name of the Directors	Date of Event	Nature of Event	Reason for the changes in the board
Shivangi Bipinchandra Gajjar	19.02.2025	Resignation	She had resigned from February 19,2025 from the post of Non- Executive Independent Director.
Kiran N. Prajapati	28.02.2025	Resignation	She had resigned from February 28,2025 from the post of Company secretary and compliance officer.
Zalakben Chintan Gajjar	01.03.2025	Appointment	Commencing on March 01, 2025, she was designated as Company secretary and compliance officer.
Sweta Rasikbhai Panchal	19.03.2025	Appointment	Commencing on March 19, 2025, she was designated as an Additional Non- Executive Independent Director of the Company.

7.3. BOARD MEETINGS

During the year under review, 11 (Eleven) Board Meetings were convened as and when required. The gap between two consecutive meetings was not more than one hundred and twenty days as provided in section 173 of the Act. The details of attendance of each Director at the Board Meeting are given below;

Sr. No.	Date of the Board Meeting	No. of Director entitled to attend the meeting	No. of directors who attended the Meeting	Name of the Directors present
				Nitin Dalpatlal Shah
1.	01.04.2024	5	5	Nihar Nitinbhai Shah
				Shivangi Gajjar
				Akshay Hiteshkumar Soni
				Nishit Dushyant Shah
				Nitin Dalpatlal Shah
2.	22.04.2024	5	5	Nihar Nitinbhai Shah
				Shivangi Gajjar
				Akshay Hiteshkumar Soni
				Nishit Dushyant Shah
				Nitin Dalpatlal Shah
3.	20.05.2024	5	5	Nihar Nitinbhai Shah
				Shivangi Gajjar
				Akshay Hiteshkumar Soni
				Nishit Dushyant Shah
				Nitin Dalpatlal Shah
4.	11.06.2024	5	5	Nihar Nitinbhai Shah
				Shivangi Gajjar
				Akshay Hiteshkumar Soni
				Nishit Dushyant Shah
				Nitin Dalpatlal Shah
5.	28.08.2024	5	5	Nihar Nitinbhai Shah
				Shivangi Gajjar
				Akshay Hiteshkumar Soni
				Nishit Dushyant Shah
				Nitin Dalpatlal Shah
6.	08.11.2024	5	5	Nihar Nitinbhai Shah
				Shivangi Gajjar
				Akshay Hiteshkumar Soni
				Nishit Dushyant Shah
				Nitin Dalpatlal Shah
7.	21.12.2024	5	5	Nihar Nitinbhai Shah
				Shivangi Gajjar
				Akshay Hiteshkumar Soni
				Nishit Dushyant Shah
				Nitin Dalpatlal Shah
8.	19.02.2025	4	4	Nihar Nitinbhai Shah
				Nishit Dushyant Shah
				Akshay Hiteshkumar Soni
				Nitin Dalpatlal Shah
9.	28.02.2025	4	4	Nihar Nitinbhai Shah
				Nishit Dushyant Shah
				Akshay Hiteshkumar Soni
				Nitin Dalpatlal Shah
10.	01.03.2025	4	4	Nihar Nitinbhai Shah
				Nishit Dushyant Shah
				Akshay Hiteshkumar Soni
				Nitin Dalpatlal Shah
11.	19.03.2025	4	4	Nihar Nitinbhai Shah
				Nishit Dushyant Shah
				Akshay Hiteshkumar Soni

Furthermore, during the year under review, 2 (Two) Audit Committee Meetings, 1 (One) Stakeholders Relationship Committee Meeting, 1 (One) Nomination and Remuneration Committee Meeting, 1 (One) Independent Directors Meeting were convened and held:

	Date of the Board Meeting	No. of Director entitled to attend the meeting	No. of directors who attended the Meeting	Name of the Directors present
				Akshay Hiteshkumar Soni
Audit Committee	20.05.2024	3	3	Shivangi Gajjar
Meeting				Nitin Dalpatlal Shah
Audit				Akshay Hiteshkumar Soni
Committee	08.11.2024	3	3	Shivangi Gajjar
Meeting				Nitin Dalpatlal Shah
				Shivangi Gajjar
Nomination & Remuneration				Akshay Hiteshkumar Soni
	15.06.2024	3	3
Committee
				Nishit Dushyant Shah
Meeting
Stakeholders				Akshay Hiteshkumar Soni
Relationship				Shivangi Gajjar
	22.01.2025	3	3
Committee				Nitin Dalpatlal Shah
Meeting

7.4. GENERAL MEETINGS:

During the year under review, the following General Meetings were held, the details of which are given as under:

Sr. no. Type of General Meeting	Date of General Meeting
1. Extra Ordinary General Meeting	17.05.2024
2. Annual General Meeting	30.09.2024

Disclosure by Directors:

The Directors on the Board have submitted notice of interest under Section 184(1) of the Companies Act, 2013 i.e. in Form MBP-1, intimation under Section 164(2) of the Companies Act, 2013 i.e. in Form DIR 8 and declaration as to compliance with the Code of Conduct of the Company.

8. PERFORMANCE EVALUATION:

The Board of Directors has carried out an annual evaluation of its own performance, board committees and individual directors pursuant to the provisions of the Companies Act, 2013 in the following manners; The performance of the board was evaluated by the board, after seeking inputs from all the directors, on the basis of the criteria such as the board composition and structure, effectiveness of board processes, information and functioning etc. The performance of the committees was evaluated by the board after seeking inputs from the committee members on the basis of the criteria such as the composition of committees, effectiveness of committee meetings, etc. The board and the nomination and remuneration committee reviewed the performance of the individual directors on the basis of the criteria such as the contribution of the individual director to the board and committee meetings like preparedness on the issues to be discussed, meaningful and constructive contribution and inputs in meetings, etc.

9. DECLARATION BY INDEPENDENT DIRECTORS

The Independent Directors have submitted their declarations of independence confirming that he/she met with the criteria of independence as laid out in section149(7) of the Companies Act, 2013 and under Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

10. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report for the year under review as stipulated under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with the Stock Exchanges in India is enclosed as per “ANNEXURE - A” and forms the part of this Report.

11. CORPORATE GOVERNANCE REPORT

The Corporate Governance Report as per Regulation 15(2) is not applicable on the Company. Please find enclosed Non applicability Certificate as “ANNEXURE - B”.

12. PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS:

Details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013 are given in the notes to the Financial Statement for the year ended on March 31, 2024. Furthermore, The Company has duly taken the approval of board of directors and shareholders to comply with limits prescribed under the provisions of Section 186.

13. COMPANYS POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION INCLUDING

CRITERIA FOR DETERMINING QUALIFICATIONS, POSITIVE ATTRIBUTES, INDEPENDENCE OF A DIRECTOR AND OTHER MATTERS PROVIDED UNDER SUB-SECTION (3) OF SECTION 178:

The Nomination and Remuneration Committee of the Board consist of:

Ms. Sweta Rasikbhai Panchal (DIN:10298714) Mr. Akshay Hiteshkumar Soni (DIN: 08202654)

Mr. Nishit Dushyant Shah (DIN: 10070221)

With terms of Section 178 of the Companies Act 2013 read with rule 6 of the Companies (Meeting of Board and its Power) Rules 2014.

Salient Features of the Nomination and Remuneration Policy are; a. Policy on Appointment of Directors, Key Managerial Personnel and Senior Management Personnel: The policy is formulated to identify and ascertain the integrity, qualification, expertise and experience of the person for appointment as Director, Key Managerial Personnel and Senior Management personnel and recommend to the Board for his / her appointment. A person should possess adequate qualification, expertise and experience for the position he/ she is considered for appointment. In case of appointment of Independent Director, the Committee shall satisfy itself with regard to the independent nature of the Director vis-a-vis the Company so as to enable the Board to discharge its function and duties effectively. b. Policy on remuneration of Director, KMP and Senior Management Personnel:

The Companys remuneration policy is driven by the success and performance of Director, KMP and Senior Management Personnel vis-a-vis the Company. The Companys philosophy is to align them with adequate compensation so that the compensation is used as a strategic tool that helps us to attract, retain and motivate highly talented individuals who are committed to the core value of the Company. The Company follows mixed of fixed pay, benefits and performance based variable pay. The Company pays remuneration by way of salary, benefits, perquisites and allowance. The remuneration and sitting fees paid by the Company are within the salary scale approved by the Board and Shareholders. The Nomination and Remuneration Policy, as adopted by the Board of Directors, is annexed as “ANNEXURE - C”

14. WEB ADDRESS OF ANNUAL RETURN:

In pursuance to Section 92 and 134 (3) (a) of the Companies Act, 2013 read with Rule 12 of Companies (Management and Administration) Rules, 2014, the Annual Return in Form MGT-7 for the financial year ended March 31, 2024 is placed on the Companys website and can be accessed at www.kenrikindustries.net.

15. SECRETARIAL STANDARDS

During the year under review, your company has complied with the applicable Secretarial Standards.

16. DIRECTORS RESPONSIBILITY STATEMENT: st

Pursuant to the requirement under section 134(3) (C) of the Companies Act, 2013 with respect to Directors Responsibility Statement, it is hereby confirmed that:

(i) In the preparation of the annual accounts for the financial year ended 31 March, 2025, the applicable accounting standards had been followed along with proper explanation relating to material departures;

(ii) The directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company as at 31^st March, 2025 and of the profit and loss of the company for that period; (iii) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; (iv) The directors had prepared the annual accounts on a going concern basis; (v) The directors have laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and are operating effectively; and (vi) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

17. DETAILS OF THE ASSOCIATES/ JOINT VENTURE / SUBSIDIARIES COMPANIES:

During the financial year 2024-25, KENRIK INDUSTRIES LIMITED did not have any associates, joint ventures, or subsidiary companies. The Company continues to focus on its core operations and strategic initiatives to drive growth and enhance shareholder value.

18. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

During the year under review, all the related party transactions are entered on arms length basis, in the ordinary course of business and are in compliance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. There are not any materially significant related party transactions made by the Company with Entities in which Promoters, Directors are interested, which may have potential conflict with the interest of the Company at large or which requires the approval of the shareholders.

19. ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS

AND OUTGO:

Information on conservation of energy, technology absorption, foreign exchange earnings and outgo, as required to be disclosed under section 134(3)(m) of the Act read with the Companies (Accounts) Rules, 2014, are provided as an “ANNEXURE D”.

20. AUDITORS OF THE COMPANY:

STATUTORY AUDITOR

M/s. VSSB & Associates, Chartered Accountants (Firm Registration No. 121356W) as Statutory Auditor of the Company, were re-appointed at 5^thAnnual General Meeting held in the calendar year 2022, for the period of five consecutive years from the conclusion this ensuing AGM till the conclusion of 10^th Annual General Meeting of the Company to be held in the calendar year 2026.

The Notes to the financial statements referred in the Auditors Report are self-explanatory. The Auditors Report does not contain any qualification, reservation or adverse remark. The Auditors Report is enclosed with the financial statements in this Annual Report.

SECRETARIAL AUDITOR

Pursuant to provisions of sub-section (1) of Section 204 of the Companies Act 2013, the Company is required to annex with its Boards Report a secretarial audit report, given by the Company Secretary in practice.

The secretarial audit of the Company has been conducted by M/s Dharti Patel & Associates, Company Secretaries in Practice and their report on the secretarial audit for the year under review attached and marked as “ANNEXURE -E”.

COST AUDITOR

During the year under review, The Company is not required to appoint cost auditor to conduct cost audit of the company for the financial year 2024-25.

21. DISCLOSURE OF MAINTENANCE OF COST RECORDS:

In terms of Section 148 of the Companies Act, 2013 read with Companies (Cost records and audits) Rules, 2014, the company is not required to maintain the Cost Records pursuant to rules made by the Central Government under sub-section (1) of Section 148 of the Act, in respect of the activities carried on by the company for the financial year 2024-25.

22. BOARDS COMMENTS ON QUALIFICATION, RESERVATION & ADVERSE REMARKS OR

DISCLAIMER MADE BY:

Statutory Auditors Audit Report given by the Statutory Auditor is self-explanatory in nature thus no explanation or comments required from the board of director.

Cost Auditors: - N.A.

Secretarial Auditors Secretarial Audit Report given by the Secretarial Auditor is self-explanatory in nature thus no explanation or comments required from the board of director.

23. DEPOSITS

The Company has neither invited nor accepted any deposits from the public during the year. There is no unclaimed or unpaid deposit lying with the Company as on the financial year end date. (In Rupees)

Deposits accepted during the year (including renewed during the year)	Nil
Deposits remained unpaid or unclaimed as the end of the year	Nil
Default in repayment of deposits or payment of interest thereon during the year and if so number of such cases and the total amount involved	Nil
(i) at the beginning of the year;
(ii) maximum during the year
(iii) at the end of the year
Deposits which are not in compliance with requirement of Chapter V of the Companies Act, 2013	Nil

24. CORPORATE SOCIAL RESPONSIBILITY

The disclosures as per Rule 9 of Companies (Corporate Social Responsibility Policy) Rules, 2014 is not applicable as Company is not covered under the criteria mentioned in Section 135(1) of Companies Act, 2013.

25. STATEMENT IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROL WITH

REFERENCE TO THE FINANCIAL STATEMENTS

Pursuant to Section 134 (3)(q) read with Rule 8(5) (viii) of Companies (Accounts) Rules, 2014, and ICAI guidance note on adequacy on internal financial controls with reference to financial statements, it is stated that there is adequate internal control system in the Company.

26. INTERNAL FINANCIAL CONTROL

The Board has adopted the policies and procedures for ensuring the orderly and efficient conduct of its business, including adherence to the Companys policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial disclosures.

27. CORPORATE POLICY

We seek to promote and follow the highest level of ethical standards in our business transactions. The Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SEBI (Prohibition of Insider Trading) Regulations, 2018 and Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 mandated the formulation of certain policies for all listed companies. The Policies are reviewed periodically by the Board and updated on the basis of need and new compliance.

The Key Policies are as follows:

Name of The Policy	Brief Description
Risk Management Policy	The Company has a Risk Management Policy with an objective to formalize the process of identi cation of potential risk and adopt appropriate risk mitigation measures through a risk management structure. The Risk Management Policy is a step taken by the Company towards strengthening the existing controls. The Business of the Company solely depends upon the agricultural produce which is highly seasonal and this is a major element of risk which may threaten the existence of the Company.
Policy for determining materiality of event or Information	The Objective of this policy is to outline the guidelines to be followed by the Company for consistent, transparent and timely public disclosures of material information events/information and to ensure that such information is adequately disseminated to the stock Exchange(s) where the securities of the Company are listed in pursuance with the Regulations and to provide an overall governance framework for such determination of materiality.
Policy of Preservation of Records	This policy sets the Standards for classifying, managing and storing the records of the Company. The Purpose of this policy is to establish framework for effective records Management and the process for subsequent archival of such records.
Sexual Harassment Policy	The Company has zero tolerance for sexual harassment of women at workplace and has adopted a policy against sexual harassment in line with Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Rules framed thereunder.
Other policies	Policies like: Policy for Determining Material Subsidiaries, Insider Trading Prohibition Code Pursuant to SEBI (PIT) Regulations, 2015, Policy on Related Party Transaction(s), Policy on Familiarization of Independent Directors are prepared by the Company and followed in its true letter and spirit.

28. MATERIAL CHANGES BETWEEN THE DATE OF THE BOARD REPORT AND END OF FINANCIAL

YEAR.

Your Company under goes to listing procedure on BSE SME Platform after the closure of financial year 2024-25. The Draft red herring prospectus of the company has been filed on May 09, 2025. Looking thereafter the BSE issued the in-principal letter dated March 08, 2025 for proposed issue of 51, 84,000 equity shares. After all due compliances and diligence, BSE has issued Listing & Trading Approval letter vide number LO\SME-IPO\PJ\TP\42\2025-26 dated May 08, 2025. The equity share of the company was listed on Exchange effective from May 09, 2025. Thus, it was have been material changes and commitments a ecting the nancial position of the Company which have occurred between the end of the nancial year of the Company to which the nancial statements relate and the date of the report.

29. GENERAL DISCLOSURE:

Your Directors state that the Company has made disclosures in this report for the items prescribed in section 134 (3) of the Act and Rule 8 of The Companies (Accounts) Rules, 2014 and other applicable provisions of the act and listing regulations, to the extent the transactions took place on those items during the year.

29.1. Voluntary Revision of Financial Statements or Boards Report

The Company is complying with the provisions of Section 129 or 134 of Companies Act, 2013 so there is no voluntary revision done by the company during financial year 2024- 25.

29.2. INSURANCE:

The movable and immovable properties of the Company including plant and Machinery and stocks wherever necessary and to the extent required have been adequately insured against the risks of fire, riot, strike, malicious damage etc. as per the consistent policy of the Company.

29.3. Share Capital and Provision of Money by Company for Purchase of its Own Shares by Trustees or Employees For The Benefit of Employees

Your Company has not issued any equity shares with differential rights, sweat equity shares, employee stock options and neither made any provision of money for purchase of its own shares by trustees or employees for the benefit of employees for the financial year ended 31.03.2025.

29.4. Equity Shares with Differential Rights.

The company under the provision of Section 43 of the Companies Act, 2013, read with Rule 4(4) of the Companies (Share Capital and Debentures) Rules, 2014 has not issued any equity shares with differential rights.

29.5. Sweat Equity Shares

The company under the provision of Section 54 of the Companies Act, 2013 read with Rule 8(13) of the Companies (Share Capital and Debentures) Rules, 2014 has not issued any sweat equity shares.

29.6. Employees Stock Option Scheme (ESOS)

There is no issue of employee stock option during the year under review. The Board of directors, shall, inter alia, disclose in the Directors Report for the year, the details as provided in Rule 12 (9) of Companies (Share Capital and Debentures) Rules, 2014.

30. SEXUAL HARASSMENT OF WOMEN AT WORKPLACE:

To foster a positive workplace environment, free from harassment of any nature, we have adopted policy on prevention, prohibition and Redressal of Sexual harassment at workplace and has duly constituted an Internal Complaints Committee in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Rules thereunder. Further the company has complied with provisions relating to the constitution of Internal Complaints Committee under the Sexual Harassment of Women at Workplace During the year under review, there were no incidences of sexual harassment reported.

31. RISK MANAGEMENT

A well-defined risk management mechanism covering the risk mapping and trend analysis, risk exposure, potential impact and risk mitigation process is in place. The objective of the mechanism is to minimize the impact of risks identified and taking advance actions to mitigate it. The mechanism works on the principles of probability of occurrence and impact, if triggered. A detailed exercise is being carried out to identify, evaluate, monitor and manage both business and non-business risks.

32. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SECTION 143 (12) OTHER THAN THOSE WHICH ARE REPORTABLE TO CENTRAL GOVERNMENT:

M/s. VSSB & Associates, Chartered Accountants were Statutory Auditors of the Company for the period of Financial Year 2024-25. They have not reported any instances of fraud committed by the Companys officers or employees to the Audit Committee under Section 143(12) of the Act, as required for disclosure in this report.

33. DETAILS OF APPLICATION MADE OR PROCEEDINGS PENDING UNDER INSOLVENCY AND BANKRUPTCY CODE 2016

During the year under review, the Company has not made any application before the National Company Law Tribunal under Insolvency and Bankruptcy Code, 2016 for recovery of outstanding loans against customer and there is no pending proceeding against the Company under Insolvency and Bankruptcy Code, 2016.

34. SIGNIFICANT AND MATERIAL ORDERS

There were no significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and Companys operations in future.

35. THE DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH REASONS THEREOF: Not Applicable

36. APPRECIATIONS AND ACKNOWLEDGEMENT

Your directors wish to place on record their sincere appreciation for significant contributions made by the employees at all levels through their dedication, hard work and commitment during the year under review.

The Board places on record its appreciation for the support and co-operation your Company has been receiving from its suppliers, distributors, retailers, business partners and others associated with it as its trading partners. Your Company looks upon them as partners in its progress and has shared with them the rewards of growth. It will be your Companys endeavour to build and nurture strong links with the trade based on mutuality of benefits, respect for and co-operation with each other, consistent with consumer interests.

Your directors also take this opportunity to thank all Shareholders, Clients, Vendors, Banks, Government and Regulatory Authorities and Stock Exchanges, for their continued support.

	For and on behalf of Board of Directors,
	KENRIK INDUSTRIES LIMITED
	Sd/-
	Nitin Dalpatlal Shah
Place: Ahmedabad	Chairman and Managing Director
Date : September 02, 2025	DIN: 07715360